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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: diana g who wrote (46688)	8/11/2005 4:37:11 PM
From: James W. Riley	Read Replies (1) of 206129

Talk about the luck of the Irish, bought my XEC at $40.96 and a short time later Cramer bought at $41. and started pumping the stock. Stock closed at $42,32. Sorry Diana but you should have played your hunch. "Thursday, August 11, 2005 1:15 PM EDT I know that Cimarex Energy is already my largest position at 6.8% of the total portfolio. That said, at $41.00, the stock remains down more than 4% from where it was before the oil and natural gas explorer reported solid second-quarter earnings on Monday. Cimarex's purchase of Magnum Hunter effectively doubled the company's E&P operations, and I believe the stock is very inexpensive -- relative to its peers -- at just 10 times expected full-year earnings of $4.09 a share. With that in mind, I'm going to purchase 500 XEC shares after you read this, giving me a total of 7,000. Cramer

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